Nintendo (OTCMKTS:NTDOY) Sets New 1-Year High – Time to Buy?

Nintendo Co., Ltd. (OTCMKTS:NTDOY)’s share price hit a new 52-week high on Friday . The company traded as high as $16.00 and last traded at $15.85, with a volume of 3150423 shares trading hands. The stock had previously closed at $15.35.

Analyst Ratings Changes

Separately, TD Cowen initiated coverage on shares of Nintendo in a research note on Monday, October 7th. They set a “buy” rating on the stock.

Nintendo Stock Performance

The firm has a market cap of $82.34 billion, a price-to-earnings ratio of 33.72 and a beta of 0.45. The business has a fifty day simple moving average of $14.59 and a 200-day simple moving average of $13.82.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). Nintendo had a net margin of 23.37% and a return on equity of 12.78%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $2.25 billion. On average, equities analysts anticipate that Nintendo Co., Ltd. will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On Nintendo

A number of hedge funds have recently modified their holdings of NTDOY. ORG Wealth Partners LLC bought a new position in Nintendo during the 3rd quarter worth $99,000. Diversified Trust Co bought a new position in shares of Nintendo during the fourth quarter worth about $182,000. GAMMA Investing LLC lifted its stake in shares of Nintendo by 53.4% in the fourth quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after acquiring an additional 4,509 shares during the period. Fulton Bank N.A. bought a new stake in Nintendo in the fourth quarter valued at approximately $200,000. Finally, Appleton Partners Inc. MA increased its position in Nintendo by 0.6% during the 3rd quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock valued at $1,775,000 after purchasing an additional 780 shares during the period. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.